Porthgwidden Estate Limited 01174424 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the management of the property known as Porthgwidden, Feock. Membership is restricted to the owners of the Porthgwidden apartments and the company is run for their benefit Digita Accounts Production Advanced 6.30.9574.0 true 01174424 2022-04-01 2023-03-31 01174424 2023-03-31 01174424 core:ShareCapital 2023-03-31 01174424 core:SharePremium 2023-03-31 01174424 core:CurrentFinancialInstruments 2023-03-31 01174424 core:LandBuildings 2023-03-31 01174424 bus:SmallEntities 2022-04-01 2023-03-31 01174424 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01174424 bus:FullAccounts 2022-04-01 2023-03-31 01174424 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01174424 bus:RegisteredOffice 2022-04-01 2023-03-31 01174424 bus:Director1 2022-04-01 2023-03-31 01174424 bus:Director11 2022-04-01 2023-03-31 01174424 bus:Director12 2022-04-01 2023-03-31 01174424 bus:Director13 2022-04-01 2023-03-31 01174424 bus:Director14 2022-04-01 2023-03-31 01174424 bus:Director2 2022-04-01 2023-03-31 01174424 bus:Director5 2022-04-01 2023-03-31 01174424 bus:Director8 2022-04-01 2023-03-31 01174424 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01174424 core:LandBuildings 2022-04-01 2023-03-31 01174424 countries:AllCountries 2022-04-01 2023-03-31 01174424 2022-03-31 01174424 core:LandBuildings 2022-03-31 01174424 2021-04-01 2022-03-31 01174424 2022-03-31 01174424 core:ShareCapital 2022-03-31 01174424 core:SharePremium 2022-03-31 01174424 core:CurrentFinancialInstruments 2022-03-31 01174424 core:LandBuildings 2022-03-31 iso4217:GBP xbrli:pure

Porthgwidden Estate Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2023

Registration number: 01174424

 

Porthgwidden Estate Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Porthgwidden Estate Limited

Company Information

Directors

Dr J Kemp

Sir C G Terry

Mr M Beaumont

Mrs E Jackson

Mrs L J Spelman

Mr A M Smith

Mrs A Hambly-Staite

Mr S J Togwell

Registered office

C/O Belmont Property Management
Daniell House
Falmouth Road
Truro
Cornwall
TR1 2HX

Accountants

Francis Clark LLP
Chartered Accountants
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

 

Porthgwidden Estate Limited

Balance Sheet

31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

14,153

14,153

Current assets

 

Debtors

5

1,785

1,785

Net assets

 

15,938

15,938

Capital and reserves

 

Called up share capital

15,750

15,750

Share premium reserve

188

188

Shareholders' funds

 

15,938

15,938

 

Porthgwidden Estate Limited

Balance Sheet

31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 March 2024 and signed on its behalf by:
 

.........................................
Mrs E Jackson
Director

Company Registration Number: 01174424

 

Porthgwidden Estate Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
C/O Belmont Property Management
Daniell House
Falmouth Road
Truro
Cornwall
TR1 2HX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Service charge accounts

In accordance with current best practice, separate service charge accounts have been prepared in addition to these limited company accounts. The service charge accounts are prepared on an accruals basis. The accounts include a balance sheet for the service charge fund, an income and expenditure account and explanatory notes.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings

Nil

 

Porthgwidden Estate Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors;
• Short term other creditors


All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.



 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

14,153

14,153

At 31 March 2023

14,153

14,153

Depreciation

Carrying amount

At 31 March 2023

14,153

14,153

At 31 March 2022

14,153

14,153

Included within the net book value of land and buildings above is £14,153 (2022 - £14,153) in respect of freehold land and buildings.
 

 

Porthgwidden Estate Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

5

Debtors

2023
£

2022
£

Trade debtors

1,785

1,785

1,785

1,785